| Status : Published | Published On : May, 2024 | Report Code : VRICT5182 | Industry : ICT & Media | Available Format :
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Page : 206 |
Global Piezoelectric Devices Market – Analysis and Forecast (2025-2030)
Industry Insights By Product Type (Actuators, Motors, Sensors, Generators, Transducers and Others), By Material (Piezoelectric Crystals, Piezoelectric Ceramics, Piezoelectric Polymers, Piezoelectric Composites), By Element (Piezoelectric Discs, Piezoelectric Rings and Piezoelectric Plates), By End-User (Aerospace and Defence, Consumer Electronics, Information and Communication, Industrial and Manufacturing, Automotive and Healthcare) and By Geography (North America, Asia-Pacific, Europe and Rest of the World)
Industry Overview
The Global Piezoelectric Devices Market is anticipated to grow from USD 33.2 billion in 2023 to USD 53 billion in 2030 at a CAGR of 7.4% during the forecast period from 2025 to 2030.
Piezoelectric devices are a type of technology that harnesses the piezoelectric effect exhibited by certain materials. This effect refers to the ability of certain materials, such as crystals and ceramics, to generate an electric charge when subjected to mechanical pressure. Piezoelectric devices find a wide range of applications across various industries. Piezoelectric sensors are used for measuring physical parameters such as force, pressure, acceleration and strain which are commonly utilized in automotive systems, aerospace, industrial automation and healthcare. Piezoelectric actuators are utilized for precise movement, positioning and vibration control in micropositioning systems, inkjet printers, robotics and optical devices. With the development of micro-electro-mechanical technology and wireless technology, the flaws of electrochemical batteries have gradually been substituted by the integration of piezoelectric technology which is driving the demand for piezoelectric devices.
The market is segregated by product type such as actuators & motors, sensors, generators and transducers, where generator segment dominates the market and by material such as piezoelectric crystals, piezoelectric ceramics, piezoelectric polymers, piezoelectric composites, among which piezoelectric polymers shall grow due to the increasing demand for self-powered and energy-efficient systems. It is also divided on the element into piezoelectric discs, piezoelectric rings and piezoelectric plates, by operation mode the market is segmented into direct piezoelectric effect and converse piezoelectric effect and by end-user divided into aerospace and defense, consumer electronics, information and communication, industrial and manufacturing, automotive and healthcare.
Market Segmentation
Insight by Product Type
According to product type, the global Piezoelectric Devices Market segmentation includes Actuators, Motors, Sensors, Generators, Transducers and Others. The generators segment accounted for significant growth during the forecast period as these devices convert mechanical vibrations into electrical energy. They utilize the piezoelectric effect to generate an electric charge when subjected to mechanical pressure, to enable the harness ambient energy and convert it into usable electrical power.
Insight by Material
The global Piezoelectric Devices Market is segregated based on material, into piezoelectric crystals, piezoelectric ceramics, piezoelectric polymers, piezoelectric composites. The piezoelectric polymers segment is expected to witness significant growth during the forecast period as they are a class of materials that exhibit piezoelectric properties, allowing them to generate an electric charge in response to applied mechanical stress. These polymers offer unique advantages such as flexibility, lightweight, and ease of processing, making them suitable for a wide range of applications.
Insight by Element
On the basis of element, the Piezoelectric Devices Market is divided into piezoelectric discs, piezoelectric rings and piezoelectric plates. The piezoelectric discs segment accounted for the largest market share which are widely used for actuation, sensing and energy harvesting applications that generate an electric charge when subjected to mechanical stress.
Insight by Enduser
Based on end-user, the Piezoelectric Devices Market is segregated into aerospace and defence, consumer electronics, information and communication, industrial and manufacturing, automotive and healthcare. The Industrial and Manufacturing Sector dominates the market during the forecast period
as the applications in the industrial sector include conditioning systems along with the growing adoption of a broad range of piezoelectric motors across the industrial sector that is driving the demand in a number of topologies to balance reliability, size, weight, high efficiency and power.
Global Piezoelectric Devices Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 33.2 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 53 Billion |
|
Growth Rate |
7.4% |
|
Segments Covered in the Report |
By Product Type, By Material, By Element, By End-User |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Asia-Pacific, Europe and Rest of the World |
Industry Dynamics
Growth Drivers
The piezoelectric devices market is driven by emerging trends and evolving industry needs. The implantable medical devices, development of miniature and flexible piezoelectric devices for wearable electronics and structural health monitoring systems including ultrasound imaging, drug delivery systems, and surgical tools are the opportunities for expansion of this market. Avenues for market growth and increasing market size & share is the integration of piezoelectric materials into advanced smart materials, composites and nanotechnology presents. Increasing applications in automotive systems, such as fuel injection, engine management, and tire pressure monitoring is also the factor responsible for the market growth. Advancements in technology and material are leading to improved performance and reliability of piezoelectric devices.
The improvements on the structure design of electronic circuit components are getting high adoption in vision of the energy harvesting efficiency along with their advantages of simple structure, no pollution and easily microminiaturizing, ultimately which has generated high demand across the electrical and consumer electronics sector. Application of piezoelectric devices is growing to meet the requirements of specific applications provides benefits and save costs in terms of speed, vacuum compatibility, size, reliability and resolution for application such as micro-actuator medical tools.
Restraints
High development and manufacturing costs associated with piezoelectric devices is hindering the market growth. Furthermore, low availability of certain rare and expensive piezoelectric materials are also limiting the market growth.
Geographic Overview
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World
Geographically, the Global Piezoelectric Devices Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific Piezoelectric Devices Market dominates the market due to the innovations in advanced technologies and expansion of industrial and manufacturing segment in emerging countries in the area.
Competitive Insights
CTC Corporation is a leading global manufacturer and designer of actuators, electronic components, and sensors for original equipment manufacturers (OEMs) in the aerospace & defense, industrial, information technology, medical and transportation sectors. CTS Corporation has product portfolio of sense, connect and move. The company also has a major product portfolio of sensors and actuators that can be deployed in commercial vehicles, information technology. Other high-speed applications and fabricated piezoelectric materials and substrates are used primarily in the erospace & defense, medical, industrial and information technology markets.
CeramTec GmbH is a leading supplier of advanced ceramics designed for piezoelectric applications. The company serves its clients globally through its manufacturing plants located in Europe, the US, and Asia. CeramTec GmbH is a global manufacturer, developer and supplier of advanced technical ceramic products. Its portfolio comprises various components, products and parts made of many engineered ceramic materials for aeronautics and defense, machinery, chemical, industrial equipment, automotive, electronics, medical equipment, mechanical and medical engineering applications. Piezoelectric materials and products are offered through its Industrial Markets business segment. The company’s product portfolio includes oxide ceramics such as mixed/dispersion ceramics, piezoceramics, silicate ceramics, aluminum oxide, aluminum titanate and zirconium oxide ceramics; non-oxide ceramics include silicon carbide, aluminum nitride and silicon nitride ceramics.
Key Players Covered in the Report
Key strategies adopted by the players in the piezoelectric devices ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships. Major players of Piezoelectric Devices Market are CeramTec GmbH (Germany), Physik Instrumente (PI) GmbH & Co. KG. (Germany), CTS Corporation (US), Kistler Group (Switzerland), piezosystem jena GmbH (Germany), Aerotech Inc. (US), APC International, Ltd., (US), Piezo Technologies (US), Mad City Labs, Inc. (US).
Recent Development by Key Players
Kistler Group (Switzerland) has launched a new piezoelectric sensor solution mainly designed for angled structures such as airplane wings. The new cylindrical accelerometer 8775A is for the various requirements in aerospace applications like low noise threshold, high sensitivity and low weight.
The global Piezoelectric Devices Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Product Type
- Actuators
- Motors
- Sensors
- Generators
- Transducers
- Others
- By Material
- Piezoelectric Crystals
- Piezoelectric Ceramics
- Piezoelectric Polymers
- Piezoelectric Composites
- By Element
- Piezoelectric Discs
- Piezoelectric Rings
- Piezoelectric Plates
- By End-User
- Aerospace and Defense
- Consumer Electronics
- Information and Communication
- Industrial and Manufacturing
- Automotive
- Healthcare
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of the World
- Brazil
- Saudi Arabia
- South Africa
- U.A.E
- Other Countries
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Source: VynZ Research
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Source: VynZ Research
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Piezoelectric Devices Market